Ark Invest is super bullish on NNDM, so shall we?

For all ARK fans here, if my math is right. ARKK and ARKQ together acquired a total of 3.8M shares of NNDM overnight, a total of $28M dollar, around 1/10 of this most recent direct offering?? While you could see from my chart (credit to this youtuber : Alien Tomato ) that Ark has been accumulating NNDM shares for the past month. And a deeper implication is , NNDM market cap is 1.13B. Ark is now owning 8.31M shares of NNDM as of today, representing ~70M worth of shares, which means Ark is owning ~6% of NNDM already. This is huge!

Technically, NNDM is clearly on a upward trend line, and it has never fell below its 20MA even with the direct offering its been pumping to the market for the past two months. Apparently institutional investors are not buying enough of its shares. I am personally owning a position with NNDM and am setting my cut lost price at 20MA and looking forward to a price in the MOON!

Comment:

Guys, you should know by now NNDM has just issued another direct offering, 500M which is the largest ever, and interestingly its subsequent price action is also the strongest ever which is totally the opposite to any share dilution activity at this level. I am going to average up my position in NNDM by at least double the amount of share of my current position and looking forward to NNDM hitting $20 range within a month.